Jim Berger
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Before I continue with my assessments of socialism and capitalism, I must return to a subject that I will touch on many times on this blog: the source and measure of value. For an economic system to
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I have covered a lot of the subject of socialism before. I believe, however, that socialism deserves a lot more attention because of the rising popularity of socialism and socialist programs. But,
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A lot of discussion and debate revolves around socialism as a replacement for capitalism. It’s easy to see why socialism makes sense to many people. Socialists advocate for many of the things we
Posted in Economics, Money & Banking
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In an earlier post, I described a contradiction between popular economic theory and statistical data. In this post, I will describe true premises upon which we can develop more accurate theories.
Posted in Economics, Money & Banking
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Introduction The fact that we perpetuate false or inaccurate theories causes at least one problem for understanding money and its role. For years economic classes have taught that the Federal Reserve
Posted in Economics, Intervention
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Introduction In 1831 Alexis de Tocqueville, along with his companion Gustave de Beaumont, traveled from France to the United States for — ironically — studying the U.S. prison system. Democracy
Posted in Economics, Intervention
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Introduction “Climate change” represents the crisis de jure. We have no choice but to accept that human activity has created a crisis level of change in the climate of the world. To deal with
Posted in Economics, Money Matters Book
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Principles play a critical role in the development of any theory. Including economic theory. Definition Principle: “A fundamental truth or proposition that serves as the foundation for a system of
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Commenting on The Green New Deal would waste my time, except for the attention some influential people have given it. It would, if passed, lead to a life of misery that would make catastrophic
Posted in Economics, Intervention
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Even if you’re willing to ignore the economic costs, socialism brings a political cost most people — particularly in America — would find unacceptable. Socialism eventually leads to the loss of